Price Raising Attempts Failed: Ripple (XRP) Decline Hard!

XRP was on the rise, reaching the $ 0.755 level on February 1. With this unexpected surge, investors who were caught in FOMO (fear of missing the opportunity) with the expectation that XRP would reach $ 1 were greatly disappointed.
The currency has lost more than 40% in value in the last 24 hours, falling to the level of $ 0.338.
What do you think about the developments?